ESMA Publishes Initial Cost-Benefit-Analysis On MiFID II Proposals

The European Securities and Markets Authority (ESMA) today published a preliminary cost-benefit-analysis (CBA) in respect of regulatory and implementing technical standards it proposes for MiFID II.

The CBA should be read together with the Consultation Paper and draft standards published on 19 December by ESMA. It covers most of the topics ESMA is mandated with on Level 2. A full and all-encompassing CBA will follow together with the publication of the final technical standards on MiFID II.